. >>> a judge has refused to sign a settlement between the sec and bank of america over bonuses. the bank agreed to pay the penalty to settle charges that it misled investors about plans to pay bounces to executives at merrill lynch. the judge said the proposed settlement would leave uncertain the truth of very serious allegations made in the complaint. >>> hyatt hotel corporation has filed with the sec proposing a public offering of shares. it valued the ipo at 1.15 billion but did not give a date for the offering t will use the proceeds for acquisitions and investment in new properties. those are your business headlines. >>> now let's talk about your pension fund or do you want to talk about your public fund. it has fallen by more than 20% in the past year. stocks or invests held by the retirement and pension system hit a high of 40.9 in 2007. officials say a drop to 28.9 million as of june 30th. the tip could force the state to dedicate money to cover employee retirement cost. >>> listen it's not too late. the governor wants your input on the budget cuts. he has received 1000